Direxion Daily Emerging Markets Bear 3X Shares (EDZ)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Direxion Daily Emerging Markets Bear 3X Shares (EDZ) is down 62.3% since the beginning of the year. EDZ is currently trading at $13 per share. Investors who bought $1,000 worth of EDZ shares 5 years ago would now be looking at an investment worth $195.

Direxion Daily Emerging Markets Bear 3X Shares (EDZ) has returned -62.28% so far this year and -77.56% over the past 12 months. Over the last ten years, EDZ has returned -37.86% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Dec 30, 2008, EDZ's average daily return is -0.12%, while the average monthly return is -3.08%.

Historically, 39% of months were positive and 61% were negative. The best month was Sep 2011 with a return of +63.0%, while the worst month was Mar 2009 at -49.5%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 11 months.

On a daily basis, EDZ closed higher 47% of trading days. The best single day was Mar 16, 2020 with a return of +35.1%, while the worst single day was Mar 23, 2009 at -26.7%.

Direxion Daily Emerging Markets Bear 3X Shares has an annualized alpha of 12.78%, beta of -3.04, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 30, 2008.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -381.41%), but participation in market rallies was also limited (-140.77%) - a profile typical of counter-cyclical assets.
• This ETF generated an annualized alpha of 12.78% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• Beta of -3.04 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.

EDZ has a high expense ratio of 1.08%, indicating above-average management fees.

EDZ ranks 0 for risk / return — in the bottom 0% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

Direxion Daily Emerging Markets Bear 3X Shares provided a 11.71% dividend yield over the last twelve months, with an annual payout of $1.56 per share.

The table displays the monthly dividend distributions for Direxion Daily Emerging Markets Bear 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Direxion Daily Emerging Markets Bear 3X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Direxion Daily Emerging Markets Bear 3X Shares was 99.99%, occurring on Jun 22, 2026. The portfolio has not yet recovered.

The current Direxion Daily Emerging Markets Bear 3X Shares drawdown is 99.99%.

The chart below shows the rolling one-month volatility.